DOWNTOWN THEATER FOUNDATION FOR THE ARTS (EIN 460564734) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

PAM SPERING

Phone

7079400700

Tax Period

2024-09-01 to 2025-08-31

DOWNTOWN THEATER FOUNDATION FOR THE ARTS, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $397K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

OPERATION OF THE FAIRFIELD CENTER FOR CREATIVE ARTS. PROMOTE AND FOSTER THEATRICAL AND MUSICAL PERFORMANCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $146,402

Program Service Revenue $250,275

Investment Income $0

Other Revenue $0

TOTAL REVENUE $396,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,123

Fundraising Expenses $0

Program Expenses $396,808

Other Expenses $230,359

TOTAL EXPENSES $411,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$396,677	$443,676	-0.1%
Expenses	$411,482	$505,624	-0.2%
Net Income	$-14,805	$-61,948	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA SPERING	PRESIDENT	15.00	Officer Director	$0	$0	$0
ROBERT BRUDNEY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CAROL WARREN	SECRETARY	5.00	Officer Director	$0	$0	$0
WAYNE SENALIK	DIRECTOR	5.00	Director	$0	$0	$0
CATHY RITCH	DIRECTOR	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$396,677	$411,482	$88,378	$-14,805
2024	$443,676	$505,624	$96,048	$-61,948
2023	$425,849	$469,188	$153,831	$-43,339
2022	$637,401	$521,030	$197,170	$116,371
2021	$222,418	$262,538	$173,337	$-40,120
2020	$349,182	$394,108	$151,700	$-44,926
2019	$514,115	$460,641	$163,082	$53,474

DOWNTOWN THEATER FOUNDATION FOR THE ARTS